Economics 2004 Jamb Past Questions and Answers

Question 16 :

• JAMB 2004

Maximum wage legislation seeks to

A. Fix wages above the equilibrium wage rate
B. Set wages below the equilibrium wage rate
C. Deter employers from exploiting their employees
D. Ensure an upper limit to the wages payable

Question 17 :

• JAMB 2004

The marketing of agricultural commodities in Nigeria is hampered by

A. Lack of adequate storage facilities
B. The existence of farmers' associations
C. The existance of commodity exchange
D. The abolition of marketing boards

Question 18 :

• JAMB 2004

Import duty concessions on the industrial inputs directly benefit the

A. Consumers
B. External sector
C. Commercial sector
D. Manufacturers

Question 19 :

• JAMB 2004

The labour force in Nigeria falls between the ages of

A. 18 and 45
B. 18 and 55
C. 18 and 30
D. 18 and 60

Question 20 :

• JAMB 2004

Government's involvement in agricultural business in Nigeria is most manifested in the

A. Establishment of farm settlements in each state of the federation
B. Establishment of credit guarantee scheme for small-scale farmers
C. Formation of farmers' cooperative societies
D. Procurement and distribution of fertilizers